Global Immunoassay Market Set for 6–7% CAGR, Driven by Innovations in Early Testing by 2029
The immunoassay market is expected to grow at 6-7% CAGR in the next 5 years. The aging patient population and high prevalence of chronic and infectious diseases, growing demand for early and accurate diagnostics, advancement in the immunoassay technologies, growing adoption of immunoassay-based Point-of-Care Testing (POCT) and rapid testing, significant investment in R&D for developing advanced immunoassays, and growing demand for high-sensitivity and ultra-sensitive assays to identify diseases at the earliest stages are some of the key factors driving the immunoassay market.